Tesla, the US clean energy and electric vehicle company, will ‘launch operations’ in India in early 2021, stated Mr. Nitin Gadkari, Union Minister for Road Transport and Highways and the Minister of Micro, Small and Medium Enterprises, addressing The Indian Express Idea Exchange programme on Monday.
The minister highlighted the country’s drive for electric cars and said several Indian businesses were also collaborating on electric vehicles that could be more affordable, but technically as advanced as the Tesla. According to Mr. Gadkari, Tesla would commence operations first with sales and then maybe look at assembly and manufacturing based on the response to the cars.
He added, “India is expected to become a number one manufacturing hub for auto in the next five years”.
In October 2020, Tesla CEO, Mr. Elon Musk stated that the company will come to India in 2021. In a tweet, he said, “Next year for sure,” replying to the company’s progress in India.
Recent reports say that the more affordable Tesla Model 3, booking for which could begin in a few weeks, would be the first model to come to India. The Economic Times article, however, said that sales will only occur in the second half of the year. The fully built units will be imported and are likely to be priced at Rs. 55 lakh (US$ 74.77 thousand). As in other parts of the world, Tesla would most likely manage sales directly.
Source: IBEF
You may also like
-
India’s Creator Economy Enters Its Formal Age as Influencer Marketing Heads Toward US$529 Million by 2027
-
GMR Aero Technic–Boeing Pact Puts Hyderabad on India’s Defence MRO Map
-
India’s $20 Billion Offshore Data Push Could Redefine Domestic Oil and Gas Exploration
-
India’s Steel Engine Defies Global Slowdown as Output Surges in FY26
-
India Launches IP Catalyst Platform to Turn Patents into Market-Ready Electronics and IT Products
